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Re: riki143

USD/JPY: "SHOOTING STAR" PATTERN
12:21 11.10.2017

The price is still consolidating. Also, there's a bullish "Engulfing" on the 55 Moving Average, but this pattern remains unconfirmed. So, the price is likely going to continue moving down until any reversal pattern arrives.

We've got a "Shooting Star" pattern, which has been formed on the 55 & 89 Moving Averages. In this case, the pair is likely going to test the nearest support area during the day.

Re: riki143

EUR/USD: PRICE GOING TO TEST MOVING AVERAGES
12:23 11.10.2017

There's a bearish "Shooting Star", which has been formed on the 89 Moving Average. However, this pattern is still unconfirmed, so we could have just a local correction. Therefore, bulls are likely going to deliver a new local high soon.

At the same time, we've got a confirmed "Shooting Star" on the one-hour chart. So, the price is likely going to test the Moving Averages in the coming hours. If a pullback from these lines happens next, there'll be an opportunity to have another upward price movement.

Re: riki143

EUR/USD: PRICE GOING TO CONTINUE RISING
07:13 12.10.2017

All the Moving Averages have been broken, so the market is likely going to continue moving up in the short term. The main bullish target is the nearest resistance at 1.1892 - 1.1914. If we have a pullback from this area, bears will try to test the closest support at 1.1837 - 1.1822.

Bulls faced with resistance at 1.1889, so the price is consolidating. In this case, bears are likely going to test the nearest support at 1.1848 - 1.1831 during the day. Meanwhile, if a pullback from these levels happens little later on, we could have another bullish rally towards the next resistance.

Re: riki143

GBP/USD: BROKEN BULLISH "PENNANT"
07:16 12.10.2017

We've got a bullish "Pennant", which has been broken, so the price is still rising. It seems like the pair is ready to test the next resistance at 1.3290 - 1.3342. However, if we see a pullback from this area, there'll be an opportunity to have a decline in the direction of another support at 1.3221 - 1.3182.

The price faced with resistance at 1.3256, so there's a local consolidation. The 89 Moving Average is likely going to act as support during the day. If so, bulls will probably try to deliver a new local high afterwards.

Re: riki143

EUR/USD: WAVE [II] COMING SOON
07:20 12.10.2017

The price has been rising since a pullback from 0/8 MM Level happened. Wave [i] is about to end, so if 3/8 MM Level acts as resistance, we could have a downward correction. In this case, we should keep an eye on 1/8 MM Level as an intraday bearish target.

There's a developing bullish impulse in wave [i], which is likely going to end soon. Therefore, if a pullback from 6/8 MM Level happens in the coming hours, bears will probably try to test 2/8 MM Level afterwards.

Re: riki143

USD/JPY: BEARISH "HARAMI"
11:53 12.10.2017

The 55 Moving Average has acted as support. However, there's also resistance by the upper "Window". In this case, the price is likely going to test the 89 MA. If a pullback from this line happens, we could have another bullish rally.

There's a bearish "Harami", which has been formed at the last local high. This pattern has been confirmed afterwards, so the price is likely going to test the nearest support level during the day.

Re: riki143

EUR/USD: "ENGULFING" ON THE UPPER "WINDOW"
11:55 12.10.2017

There's a bearish "Engulfing" pattern, which hasn't been confirmed yet. In this case, the market is likely going to test the 34 Moving Average, which could be a departure point for another upward price movement.

We've got an "Engulfing", which has been formed on the upper "Window". Therefore, the pair is likely going to decline in the short term. The main bearish target is the 144 Moving Average.

Re: riki143

EUR/USD: NO ONE WANTS TO GIVE IN
07:01 13.10.2017

Recommendations:

SELL 1.193 SL 1.1985 TP 1.177

BUY 1.177 SL 1.1705 TP 1.193

On the daily chart, the “Shark” pattern is transforming into 5-0. Pullbacks towards 38.2%, 50% and 61.8% of the wave CD are usually used for selling. The inability of bulls to lead the pair outside of the downtrend channel will point at their weakness.

On H1, EUR/USD keeps forming the “Widening wedge”. Pullbacks towards 23.6%, 38.2% and 50% of the wave 4-5 are usually used for buying. Long positions can be entered at 1.1715 and 1.1695.

Re: riki143

On the daily chart, the “Shark” pattern is transforming into 5-0. Pullbacks towards 38.2%, 50% and 61.8% of the wave CD are usually used for buying.

On H1, a break below support at 0.8905-0.8915 will trigger the senior “Shark” pattern with targets at 61.8%, 78.6%, and 88.6%. Risks of the uptrend’s resumption will strengthen in case of a successful test of resistance at 0.9020 (88.6% of the wave CD of the junior “Shark” pattern).

Re: riki143

EUR/USD: 34 MA ACTED AS SUPPORT
08:08 13.10.2017

The price is consolidating between the levels 1.1892 - 1.1822. It's likely that bulls are going to reach the nearest resistance at 1.1892 in the short term. If a pullback from this level happens little later on, there'll be an opportunity to have a decline towards the closest support at 1.1822 - 1.1793.

The 34 Moving Average has acted as support, so the price is consolidating. In this case, bears are likely going to test the 55 Moving Average soon. However, if we have a pullback from this line, bulls will probably try to reach another resistance at 1.1879 - 1.1889.

Re: riki143

GBP/USD: "THORN" PATTERN
08:09 13.10.2017

Bulls faced with resistance at 1.3290, but the market is likely going to continue moving up, so we should keep an eye on the next resistance at 1.3290 - 1.3342 as an intraday target. If we have a pullback from this area, there'll be an opportunity to have a decline towards the nearest support at 1.3221 - 1.3182.

We've got a "Thorn" pattern, so the price is consolidating. Therefore, the market is likely going to reach the nearest support at 1.3256 - 1.3221 during the day. At the same time, if we have a pullback from these levels, bulls will probably try to test the next resistance at 1.3290 - 1.3343.

Re: riki143

EUR/USD: BULLS GOING TO DELIVER WAVE [III]
10:26 13.10.2017

There's a zigzag in wave 4, so an upward impulse in wave [i] has been formed. In this case, we could have a correction, which could be wave [ii]. Nevertheless, bulls are likely going to deliver wave [iii] afterwards.

Wave (v) of [i] may have been ended, cause there's a pullback from 5/8 MM Level. Wave [ii] is likely going to take the form of a zigzag, so we should keep an eye on 2/8 MM Level, which could be a departure point for wave (i) of [iii].

Re: riki143

NZD/USD: BEARS ARE IN THE FORTRESS
07:05 16.10.2017

Recommendation: SELL 0.7145 SL 0.72 TP 0.698

On the daily chart, NZD/USD formed AB=CD pattern with a target at 127.2%. The pair failed to reach 78.6% of the Gartley pattern. This gives bears hope for a resumption of the downtrend. Their main task is not to let bears get above 0.7190 and 0.7780.

On H1, further dynamics of the pair will depend on bears’ ability to return the pair below support at 0.7145. If they manage to do this, chances for a resumption of the downtrend will increase.

Re: riki143

AUD/USD: BULLS COUNTERATTACKED
08:41 16.10.2017

Recommendations:

BUY 0.7815 SL 0.776 TP1 0.7955 TP2 0.8055

SELL 0.775 SL 0.7805 TP 0.7615

On the daily chart, the inability of bears to pull the prices below 0?7727 pointed at their weakness. Bulls counterattacked and count on the inverted “Shark” pattern. To begin with, they need to hold above 0.7872.

On H1, AUD/USD formed a “widening wedge”. Pullbacks towards 23.6%, 38.2% and 50% of the wave 4-5 are usually used for buying. A decline below support levels at 78.6% and 88.6% may represent good selling opportunities.